Tue, November 26, 2024
[ Tue, Nov 26th 2024 ]: Bill Williamson
Angel One AMC secures SEBI license to launch mutual fund business
[ Tue, Nov 26th 2024 ]: Bill Williamson
Many stock investors lose money for not understanding the business: ICB chairman
[ Tue, Nov 26th 2024 ]: Bill Williamson
L&T Finance inks pact with Amazon Finance India
[ Tue, Nov 26th 2024 ]: Bill Williamson
eFinance Investment Group and Cassava Technologie .. Drive Business Expansion Across Egypt and Africa
[ Tue, Nov 26th 2024 ]: Bill Williamson
L&T Finance, Amazon sign strategic partnership to develop credit solutions for customers
[ Tue, Nov 26th 2024 ]: Bill Williamson
Three Reasons to Avoid TLRY and One Stock to Buy Instead
[ Tue, Nov 26th 2024 ]: Bill Williamson
How much you would have if you invested R1,000 in .. inety One, Momentum and more at the start of 2024
[ Tue, Nov 26th 2024 ]: Bill Williamson
Rupee's weakness: Achieve dollar goals with US funds and gold in portfolio
[ Tue, Nov 26th 2024 ]: Bill Williamson
New generation of Zimbabwean accounting and finance professionals awarded the CGMA designation
[ Tue, Nov 26th 2024 ]: Bill Williamson
Request Finance acquires Pay.so Lithuania; launch .. olutionary one-click crypto/fiat payment solution
Mon, November 25, 2024
[ Mon, Nov 25th 2024 ]: Bill Williamson
Two-wheelers and SME loans to fuel L&T Finance's urban growth strategy
[ Mon, Nov 25th 2024 ]: Bill Williamson
Nvidia Unveils AI Model for Music and Audio Generation
[ Mon, Nov 25th 2024 ]: Bill Williamson
Need to explore a global financial body to finance cooperatives: PM Modi
[ Mon, Nov 25th 2024 ]: Bill Williamson
Top 10 best and worst performing SIP mutual funds in the last one year
[ Mon, Nov 25th 2024 ]: Bill Williamson
Business seeks details on COP29 climate message
[ Mon, Nov 25th 2024 ]: Bill Williamson
Qatari banks show resilience and adaptability through robust financial performance
[ Mon, Nov 25th 2024 ]: Bill Williamson
Analysis-Business Seeks Details in Face of Mixed COP29 Climate Messages
[ Mon, Nov 25th 2024 ]: Bill Williamson
Asset-based finance the next big thing in private credit, KKR's Daniel Pietrzak says
[ Mon, Nov 25th 2024 ]: Bill Williamson
Natixis and Generali in early talks for asset management tie-up, FT reports
[ Mon, Nov 25th 2024 ]: Bill Williamson
Business seeks details in face of mixed COP29 climate messages
Sun, November 24, 2024
[ Sun, Nov 24th 2024 ]: Bill Williamson
International Business Machines (NYSE:IBM) Rating Lowered to "Hold" at StockNews.com
[ Sun, Nov 24th 2024 ]: Bill Williamson
Feature: Key maritime merchants forum in Hong Kong helps steer course for shipping industry
[ Sun, Nov 24th 2024 ]: Bill Williamson
Weatherford International plc (NASDAQ:WFRD) Receives $147.29 Average Price Target from Analysts
[ Sun, Nov 24th 2024 ]: Bill Williamson
Those who invested in Accel Entertainment (NYSE:ACEL) a year ago are up 12%
[ Sun, Nov 24th 2024 ]: Bill Williamson
PUMA (ETR:PUM) stock falls 5.8% in past week as t .. s and shareholder returns continue downward trend
[ Sun, Nov 24th 2024 ]: Bill Williamson
Daktronics (NASDAQ:DAKT) shareholders have earned a 46% CAGR over the last three years
[ Sun, Nov 24th 2024 ]: Bill Williamson
Capital One On Hold, Like Its Pending Buyout Of Discover Financial
[ Sun, Nov 24th 2024 ]: Bill Williamson
Sprouts Farmers Market's (NASDAQ:SFM) 49% CAGR ou .. 's earnings growth over the same five-year period
[ Sun, Nov 24th 2024 ]: Bill Williamson
Should You Be Concerned About Ford Motor Company's (NYSE:F) ROE?
Fri, November 22, 2024
[ Fri, Nov 22nd 2024 ]: Bill Williamson
Summary of the article from Bloomberg "Sustainable Investment Gains Traction"

Thousands of employers in South Africa not paying pensions - R5 billion lost and counting

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. aying-pensions-r5-billion-lost-and-counting.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The FSCA has named and shamed thousands of employers who have failed to make their obligatory pension fund contributions.
The article from BusinessTech discusses a significant issue in South Africa where thousands of employers are failing to pay over pension contributions, leading to a loss of approximately R5 billion. This problem has been highlighted by the Financial Sector Conduct Authority (FSCA), which has noted that many employers are either late or completely defaulting on their obligations to contribute to their employees' pension funds. This non-compliance not only affects the retirement savings of employees but also undermines the financial stability of pension funds. The FSCA has been actively engaging with employers and funds to address these defaults, but the scale of the issue suggests systemic problems in oversight and enforcement of pension regulations. The article also touches on the broader implications for the economy, as this loss impacts the financial security of a large segment of the workforce, potentially leading to increased poverty among retirees.

Read the Full businesstech.co.za Article at [ https://businesstech.co.za/news/finance/801200/thousands-of-employers-in-south-africa-not-paying-pensions-r5-billion-lost-and-counting/ ]